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Filgrastim Biosimilars Global Market Report 2023

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    Report

  • 250 Pages
  • February 2023
  • Region: Global
  • The Business Research Company
  • ID: 5733905

Quick Summary:

As the pace of innovation accelerates within the pharmaceutical sector, staying abreast of the latest market trends is absolutely crucial. This is particularly true within the global filgrastim biosimilars market which has been displaying a noteworthy progression. The filgrastim biosimilar, a biological product aimed at treating patients suffering bone marrow damage due to high radiation exposure, stimulates the formation of white blood cells, crucial in strengthening patient resilience to infections.

Our comprehensive market research report provides a detailed analysis of the current state of this pivotal market and offers future projections based on reliable data. This market is driven by a myriad of factors including contract manufacturing agreements and governmental initiatives advocating for the development and use of biosimilars. The report also demystifies potential hurdles such as stringent regulations and patent infringement issues that could pose barriers to growth. Leveraging this intelligence helps decision-makers effectively strategize, allowing for confident navigation through the complexities of the dynamic filgrastim biosimilars market.

The global filgrastim biosimilars market is expected to grow from $0.75 billion in 2021 to $0.88 billion in 2022 at a compound annual growth rate (CAGR) of 17.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The filgrastim biosimilars market is expected to reach $1.19 billion in 2026 at a CAGR of 8.0%.

The filgrastim biosimilars consists of sales of zarxio, nivestym, and releuko. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Filgrastim biosimilars refer to a biosimilar that is intended to treat patients who suffer bone marrow damage from extremely high radiation doses in a manner similar to how it helps cancer patients by stimulating the formation of white blood cells, making patients less susceptible to infections.

North America was the largest region in the filgrastim biosimilars market in 2022. Middle East is expected to be the fastest growing region in the forecast period. The regions covered in the filgrastim biosimilars market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main types of manufacturing in filgrastim biosimilar are in-house manufacturing and contract manufacturing organization. A contract manufacturing organization, also known as a contract development and manufacturing organization, is a corporation that provides entire services to other pharma firms on a contractual basis, from drug discovery to drug production. The different applications include oncology, chronic and autoimmune diseases, blood disorders, growth hormone deficiency, infectious diseases, and others and are distributed through various channels such as hospital pharmacies, retail pharmacies, and online pharmacies.

Government initiatives for the development of biosimilars are expected to drive the filgrastim biosimilars market over the coming years. Governments worldwide are focusing on the development of biosimilars attributing to their cost-effective nature. The US Food and Drug Administration (FDA) launched a Biosimilar Action Plan, to increase treatment options. The Australian government is committed to the Biosimilar Awareness Initiative and they improved their commitment by supporting the Generic and Biosimilar Medicines Association through a grant of $5 million to accept increased general biosimilar education and activities that promote the suitable dispensing, prescription, and use of biosimilar medicines. Hence, the government initiatives for the development of biosimilars aid in the increased production and awareness which in turn supported the growth of the filgrastim biosimilars market.

Stringent regulations imposed on approvals of biosimilars are anticipated to hinder the growth of the filgrastim biosimilar market in the forecast period. The governments of different regions impose different rules regarding the production and use of biologics and biosimilars. Further, issues such as patent infringement or agreement issues restrict the manufacturers of biosimilars from commercializing the government-approved biosimilars. The US Food and Drug Administration requires double regulatory approval for biosimilars, restricting the use of biosimilars as an interchangeable drugs for biologics, whereas, in Europe, the European Medicines Agency (EMA) approves biosimilars as interchangeable products for biologics. For instance, Sandoz got USFDA approval for its 1st biosimilar ZarxioTM (filgrastim-and) of original biologic Neupogen. The consent depended on a comprehensive package of analytical, nonclinical, and clinical information, which verified that Zarxio is highly similar to the US-licensed reference product. To get this approval Sandoz even had to fight a legal battle with Amgen which claims that Sandoz has infringed its manufacturing process. These kinds of hurdles can restrict the growth of the filgrastim biosimilar market.

Companies in the pegfilgrastim biosimilar market are increasing their product innovation through strategic collaborations. To sustain in the increasingly competitive market, companies are developing innovative products as well as sharing skills and expertise with other companies. While companies have long collaborated as well as academic and research institutions in this market by way of partnerships or out-licensing deals, this trend has been increasing over recent years. For instance, in April 2020, Biocon, an India-based biopharmaceutical company partnered with Mylan, a US-based generic and specialty pharmaceuticals company to introduce Fulphila, biosimilar pegfilgrastim in Australia. Fulphila has been licensed by the Therapeutic Goods Administration for the therapy of oncology patients who have had chemotherapy to shorten the length of acute neutropenia and hence the risk of infection, as evidenced by febrile neutropenia.

In March 2022, Biocon Biologics, an India-based fully integrated biopharmaceutical company, acquired Viatris Inc for $3.3 billion. This acquisition would build a distinctive, fully integrated, global biosimilars enterprise. This strategic alliance combines the strengths and complementary skills of both parties, positioning Biocon Biologics for the next ten years of value generation for all of our stakeholders. Viatris Inc is a US-based pharmaceutical company and developed a biosimilar of pegfilgrastim.

The countries covered in the filgrastim biosimilars market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).

The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.

The filgrastim biosimilars market research report is one of a series of new reports that provides filgrastim biosimilars market statistics, including filgrastim biosimilars industry global market size, regional shares, competitors with a filgrastim biosimilars market share, detailed filgrastim biosimilars market segments, market trends and opportunities, and any further data you may need to thrive in the filgrastim biosimilars industry. This filgrastim biosimilars market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Major players in the filgrastim biosimilars market are Cadila Pharmaceuticals, Dr. Reddy's Laboratories, Intas Biopharmaceuticals, Sandoz, Amgen Inc., Dr. Reddy's Laboratories Ltd, Intas Pharmaceuticals, Emcure Pharmaceuticals Ltd., Biocon and Aryogen Biopharma.



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Frequently Asked Questions about the Global Filgrastim Biosimilars Market

What is the estimated value of the Global Filgrastim Biosimilars Market?

The Global Filgrastim Biosimilars Market was estimated to be valued at $0.88 billion in 2022.

What is the growth rate of the Global Filgrastim Biosimilars Market?

The growth rate of the Global Filgrastim Biosimilars Market is 7.8%, with an estimated value of $1.19 billion by 2026.

What is the forecasted size of the Global Filgrastim Biosimilars Market?

The Global Filgrastim Biosimilars Market is estimated to be worth $1.19 billion by 2026.

Who are the key companies in the Global Filgrastim Biosimilars Market?

Key companies in the Global Filgrastim Biosimilars Market include Cadila Pharmaceuticals, Dr. Reddy's Laboratories, Intas Biopharmaceuticals, Sandoz, Amgen Inc., Dr. Reddy's Laboratories Ltd., Intas Pharmaceuticals, Emcure Pharmaceuticals Ltd., Biocon and Aryogen Biopharma.

Table of Contents

1. Executive Summary

2. Filgrastim Biosimilars Market Characteristics

3. Filgrastim Biosimilars Market Trends And Strategies

4. Filgrastim Biosimilars Market - Macro Economic Scenario
4.1 COVID-19 Impact On Filgrastim Biosimilars Market
4.2 Ukraine-Russia War Impact On Filgrastim Biosimilars Market
4.3 Impact Of High Inflation On Filgrastim Biosimilars Market

5. Filgrastim Biosimilars Market Size And Growth
5.1. Global Filgrastim Biosimilars Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Filgrastim Biosimilars Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market

6. Filgrastim Biosimilars Market Segmentation
6.1. Global Filgrastim Biosimilars Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Oncology
  • Chronic and Autoimmune Diseases
  • Blood Disorders
  • Growth Hormone Deficiency
  • Infectious Diseases
  • Other Applications
6.2. Global Filgrastim Biosimilars Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Hospital Pharmacy
  • Retail Pharmacy
  • Online Pharmacy
6.3. Global Filgrastim Biosimilars Market, Segmentation By Type of Manufacturing, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • In-House Manufacturing
  • Contract Manufacturing Oraganization
7. Filgrastim Biosimilars Market Regional And Country Analysis
7.1. Global Filgrastim Biosimilars Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Filgrastim Biosimilars Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Filgrastim Biosimilars Market
8.1. Asia-Pacific Filgrastim Biosimilars Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Filgrastim Biosimilars Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8.3. Asia-Pacific Filgrastim Biosimilars Market, Segmentation By Distribution Channels, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Filgrastim Biosimilars Market
9.1. China Filgrastim Biosimilars Market Overview
9.2. China Filgrastim Biosimilars Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
9.3. China Filgrastim Biosimilars Market, Segmentation By Distribution Channels, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Filgrastim Biosimilars Market
10.1. India Filgrastim Biosimilars Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
10.2. India Filgrastim Biosimilars Market, Segmentation By Distribution Channels, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Filgrastim Biosimilars Market
11.1. Japan Filgrastim Biosimilars Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11.2. Japan Filgrastim Biosimilars Market, Segmentation By Distribution Channels, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Filgrastim Biosimilars Market
12.1. Australia Filgrastim Biosimilars Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12.2. Australia Filgrastim Biosimilars Market, Segmentation By Distribution Channels, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Filgrastim Biosimilars Market
13.1. Indonesia Filgrastim Biosimilars Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13.2. Indonesia Filgrastim Biosimilars Market, Segmentation By Distribution Channels, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Filgrastim Biosimilars Market
14.1. South Korea Filgrastim Biosimilars Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14.2. South Korea Filgrastim Biosimilars Market, Segmentation By Distribution Channels, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Filgrastim Biosimilars Market
15.1. Western Europe Filgrastim Biosimilars Market Overview
15.2. Western Europe Filgrastim Biosimilars Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15.3. Western Europe Filgrastim Biosimilars Market, Segmentation By Distribution Channels, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Filgrastim Biosimilars Market
16.1. UK Filgrastim Biosimilars Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16.2. UK Filgrastim Biosimilars Market, Segmentation By Distribution Channels, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Filgrastim Biosimilars Market
17.1. Germany Filgrastim Biosimilars Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17.2. Germany Filgrastim Biosimilars Market, Segmentation By Distribution Channels, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Filgrastim Biosimilars Market
18.1. France Filgrastim Biosimilars Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18.2. France Filgrastim Biosimilars Market, Segmentation By Distribution Channels, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe Filgrastim Biosimilars Market
19.1. Eastern Europe Filgrastim Biosimilars Market Overview
19.2. Eastern Europe Filgrastim Biosimilars Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19.3. Eastern Europe Filgrastim Biosimilars Market, Segmentation By Distribution Channels, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia Filgrastim Biosimilars Market
20.1. Russia Filgrastim Biosimilars Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20.2. Russia Filgrastim Biosimilars Market, Segmentation By Distribution Channels, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America Filgrastim Biosimilars Market
21.1. North America Filgrastim Biosimilars Market Overview
21.2. North America Filgrastim Biosimilars Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21.3. North America Filgrastim Biosimilars Market, Segmentation By Distribution Channels, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA Filgrastim Biosimilars Market
22.1. USA Filgrastim Biosimilars Market Overview
22.2. USA Filgrastim Biosimilars Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22.3. USA Filgrastim Biosimilars Market, Segmentation By Distribution Channels, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America Filgrastim Biosimilars Market
23.1. South America Filgrastim Biosimilars Market Overview
23.2. South America Filgrastim Biosimilars Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23.3. South America Filgrastim Biosimilars Market, Segmentation By Distribution Channels, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil Filgrastim Biosimilars Market
24.1. Brazil Filgrastim Biosimilars Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24.2. Brazil Filgrastim Biosimilars Market, Segmentation By Distribution Channels, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East Filgrastim Biosimilars Market
25.1. Middle East Filgrastim Biosimilars Market Overview
25.2. Middle East Filgrastim Biosimilars Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25.3. Middle East Filgrastim Biosimilars Market, Segmentation By Distribution Channels, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa Filgrastim Biosimilars Market
26.1. Africa Filgrastim Biosimilars Market Overview
26.2. Africa Filgrastim Biosimilars Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26.3. Africa Filgrastim Biosimilars Market, Segmentation By Distribution Channels, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Filgrastim Biosimilars Market Competitive Landscape And Company Profiles
27.1. Filgrastim Biosimilars Market Competitive Landscape
27.2. Filgrastim Biosimilars Market Company Profiles
27.2.1. Cadila Pharmaceuticals
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Dr. Reddy's Laboratories
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Intas Biopharmaceuticals
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Sandoz
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Amgen Inc.
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance

28. Filgrastim Biosimilars Pipeline Analysis

29. Key Mergers And Acquisitions In The Filgrastim Biosimilars Market

30. Filgrastim Biosimilars Market Future Outlook and Potential Analysis

31. Appendix
31.1. Abbreviations
31.2. Currencies
31.3. Historic And Forecast Inflation Rates
31.4. Research Inquiries
31.5. About the Publisher
31.6. Copyright And Disclaimer

Executive Summary

Filgrastim Biosimilars Global Market Report 2023 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on filgrastim biosimilars market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Where is the largest and fastest growing market for filgrastim biosimilars? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The filgrastim biosimilars market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

Scope

Markets Covered

1) By Application: Oncology; Chronic And Autoimmune Diseases; Blood Disorders; Growth Hormone Deficiency; Infectious Diseases; Other Applications
2) By Distribution Channel: Hospital Pharmacy; Retail Pharmacy; Online Pharmacy
3) By Type Of Manufacturing: In-House Manufacturing; Contract Manufacturing Oraganization

Companies Mentioned: Cadila Pharmaceuticals; Dr. Reddy's Laboratories; Intas Biopharmaceuticals; Sandoz; Amgen Inc.

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery format: PDF, Word and Excel Data Dashboard.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Cadila Pharmaceuticals
  • Dr. Reddy's Laboratories
  • Intas Biopharmaceuticals
  • Sandoz
  • Amgen Inc.
  • Dr. Reddy's Laboratories Ltd.
  • Intas Pharmaceuticals
  • Emcure Pharmaceuticals Ltd.
  • Biocon
  • Aryogen Biopharma
  • Claris Life Sciences
  • Adello Biologics
  • Hospira (Pfizer)
  • Gennova Biopharmaceuticals
  • Teva Pharmaceuticals Industries
  • F. Hoffmann-La Roche Ltd.
  • Lupin Limited
  • Abbott Laboratories Inc.
  • Reliance Life Sciences Pvt. Ltd.
  • Novartis AG

Methodology

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